Correlation-robust auction design

• المؤلفون الرئيسيون: HE, Wei, Li, Jiangtao
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2022
• الموضوعات: Robust mechanism design; correlation; second-price auction; low reserve price; duality approach; optimal transport; Economics; Economic Theory
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soe_research/2409; https://ink.library.smu.edu.sg/context/soe_research/article/3408/viewcontent/Correlation.pdf

We study the design of auctions when the auctioneer has limited statistical information about the joint distribution of the bidders' valuations. More specifically, we consider an auctioneer who has an estimate of the marginal distribution of a generic bidder's valuation but does not have r...